Which term describes the practice of considering ethical obligations and social impact beyond legal requirements?

Which term describes the practice of considering ethical obligations and social impact beyond legal requirements?

• A. Ethics
• B. Sustainability
• C. Social responsibility
• D. Corporate governance

Answer: (C)

Thinking about actions that go beyond what the law requires is about social responsibility. This term covers voluntary steps a business takes to benefit society, such as ethical sourcing, fair labor practices, community programs, and environmental stewardship, even when not mandated by law. Ethics refers to the moral principles guiding decisions and doesn’t by itself imply going beyond legal duties. Sustainability focuses on meeting present needs without compromising the future, involving environmental, social, and economic aspects, but not specifically about surpassing legal obligations. Corporate governance is about the systems and processes for directing and controlling a company. So the best fit is social responsibility.

Thinking about actions that go beyond what the law requires is about social responsibility. This term covers voluntary steps a business takes to benefit society, such as ethical sourcing, fair labor practices, community programs, and environmental stewardship, even when not mandated by law. Ethics refers to the moral principles guiding decisions and doesn’t by itself imply going beyond legal duties. Sustainability focuses on meeting present needs without compromising the future, involving environmental, social, and economic aspects, but not specifically about surpassing legal obligations. Corporate governance is about the systems and processes for directing and controlling a company. So the best fit is social responsibility.